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More Oil Needed to Meet Demand Through 2050

More Oil Needed to Meet Demand Through 2050

Πεμ, 10 Δεκεμβρίου 2020 - 14:03

The world is on track to run out of sufficient oil supply to meet its needs through 2050, despite lower future demand due to the Covid-19 pandemic and the accelerating energy transition, unless exploration speeds up significantly, Norway-based independent research institution Rystad Energy said in a report on Wednesday

Green Recovery Could Cut 25% of Forecast 2030 Emissions

Green Recovery Could Cut 25% of Forecast 2030 Emissions

Τετ, 9 Δεκεμβρίου 2020 - 18:44

A green pandemic recovery could bring the world closer to meeting the 2°C goal of the Paris Agreement on climate change by cutting up to 25% of the predicted 2030 greenhouse gas emissions, a new UN Environment Program (UNEP) report finds on Wednesday

Eni Strikes Deals to Reopen Egypts Damietta LNG Plant

Eni Strikes Deals to Reopen Egypt's Damietta LNG Plant

Τρι, 8 Δεκεμβρίου 2020 - 15:59

Italian energy group Eni has struck deals with Spanish gas firm Naturgy and Egyptian partners to resolve disputes over a shuttered gas plant it part owns in northern Egypt

Denmark to End Oil and Gas Hunt in North Sea in 2050

Denmark to End Oil and Gas Hunt in North Sea in 2050

Παρ, 4 Δεκεμβρίου 2020 - 17:29

Denmark’s government on Thursday agreed with a majority in parliament to put and end to all oil and gas exploration and extraction in the North Sea by 2050 as well as cancel its latest licensing round

Turkey’s LNG Import Share Reaches 43% in 1H20

Turkey’s LNG Import Share Reaches 43% in 1H20

Πεμ, 3 Δεκεμβρίου 2020 - 20:07

Turkey’s LNG import share of total gas imports increased from 27% in the first half of 2019 to 43% for the same period this year, Yunus Emre Icik, deputy head of Natural Gas Supply and Export Department at Turkey’s crude oil and natural gas pipeline trading company (BOTAS) said Thursday

OPEC+ to Continue to Make Timely Supply Changes: Fitch

OPEC+ to Continue to Make Timely Supply Changes: Fitch

Πεμ, 3 Δεκεμβρίου 2020 - 20:02

OPEC+ will continue to make timely oil supply changes, which should reduce price volatility, even though demand is unlikely to fully recover by the year end, according to international rating agency Fitch Ratings on Tuesday

LNG Demand Rises 2% in 2020 Despite COVID-19

LNG Demand Rises 2% in 2020 Despite COVID-19

Τετ, 2 Δεκεμβρίου 2020 - 19:15

The demand for Liquefied Natural Gas (LNG) has grown by about 2% in 2020 compared to 2019 despite the negative impacts of COVID-19 on overall energy sector, experts said at a virtual meeting on Wednesday

ENEL CEO Francesco Starace Speaks at European Hydrogen Forum

ENEL CEO Francesco Starace Speaks at European Hydrogen Forum

Τετ, 2 Δεκεμβρίου 2020 - 02:48

On Thursday 26th of November, Enel Group CEO Francesco Starace spoke at the European Hydrogen Forum, a major event gathering industry leaders, policy-makers, government representatives as well as the research community with the aim to steer the potential for green hydrogen alongside discussing the latest developments in the field.

US, Saudi Firms to Form Joint Venture in MENA Region

US, Saudi Firms to Form Joint Venture in MENA Region

Τρι, 1 Δεκεμβρίου 2020 - 16:42

The Turkish Competition Authority has granted permission to a new manufacturing joint venture to operate in the MENA region, the competition watchdog announced on Monday

Naftna Industrija Srbije : Deep Processing Unit Commissioned in Pančevo Oil Refinery

Naftna Industrija Srbije : Deep Processing Unit Commissioned in Pančevo Oil Refinery

Παρ, 27 Νοεμβρίου 2020 - 19:46

Today, Pančevo Oil Refinery officially commissioned a deep processing unit featuring delayed coking technology - a project worth more than EUR 300 million. The construction of the new production complex in collaboration with the leading shareholders, the Russian company Gazprom Neft and the government of the Republic of Serbia, demonstrates NIS's continued commitment to modernisation of the Pancevo Refinery and its efforts to improve the quality of work processes, products and services

Irans Top Nuclear Scientist Shot Dead Near Tehran

Iran's Top Nuclear Scientist Shot Dead Near Tehran

Παρ, 27 Νοεμβρίου 2020 - 19:26

An Iranian nuclear scientist described as the guru of Iran’s nuclear programme has been gunned down in the street in a town near Tehran. Mohsen Fakhrizadeh was ambushed in the town of Absard, about 40 miles east of Tehran. Four assailants opened fire after witnesses heard an explosion. Efforts to resuscitate Fakhrizadeh failed. His bodyguard was wounded